Bloomberg: EU to provide Ukraine with ˆ50 billion aid package, but only under certain conditions
Ukraine will have to implement a number of reforms, including anti-corruption
The European Union has announced that it is ready to provide Ukraine with 50 billion euros in aid for the country's recovery. The announcement was made on the eve of the summit of donor countries to be held this week in London.
Source. This was reported by Bloomberg.
It is noted that part of the package will be used to cover Ukraine's current expenses, such as salaries, pensions and social assistance.
The package will be financed by contributions from EU member states. The UK, the host country of the donor summit, also intends to participate in the aid through expanded mechanisms to be discussed during the meeting.
It is reported that 50 billion euros will be allocated in the form of grants and soft loans, but on the condition that Ukraine carries out a number of reforms, including anti-corruption.
According to the authors of the reconstruction plan (as the multibillion-dollar package is called on the sidelines of the EU), Ukraine needs reforms not only to receive specific assistance but also to embark on the path to EU membership.
Background. In particular, as reported, Ursula von der Leyen confirmed that the EU would reserve 50 billion euros for Ukraine.
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